Listing
$2,250,000
1851 Ge••••• Ave (Sign up for 50 free credits to unlock)Philadelphia, PA 19122
Property Description
in-place 8 Cap. Built in 2019 and still benefiting from Philadelphia's 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue's active redevelopment corridor-near new multifamily, community, and retail projects-positioning it for continued appreciation as the neighborhood matures. Highlights 2019 Construction - Modern systems and finishes 100% Occupied - One commercial + six residential tenants Tax Abatement through 2029 - Exceptional near-term yield
Property Facts & Features
- Property Type
- Single Family
- Status
- Active
- Listed
- May 25, 2026
- Price per Sq Ft
- $216/sqft
- ZIP Code
- 19122
- Stories
- 1
- Heating
- Forced Air
- Cooling
- Central A/C
- Construction
- Masonry
- Neighborhood
- Lower North
- County
- Philadelphia
- School District
- The School District of Philadelphia
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 0
Bathrooms
- Total Bathrooms: 0
Land Info
- Lot Size Acres: 0.0894399
- Lot Size Square Feet: 3896
Garage and Parking
- Parking Total: 0
School Information
- School District: PHILADELPHIA CITY
Heating and Cooling
- Cooling Features: Central A/C
- Heating Features: Forced Air
- Heating: Yes
Other Property Info
- Annual Tax Amount: 0
- Source Listing Status: Active
- County: PHILADELPHIA
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Neighborhood: WEST KENSINGTON
- Subdivision: WEST KENSINGTON
- Township: PHILADELPHIA
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Senior Community: No
Building and Construction
- Total Square Feet Living: 10404
- Year Built: 2019
- Above Grade Finished Area: 10404
- Construction Materials: Masonry
- Levels: 1
- Property Age: 7
- Levels or Stories: 1
- Total Area Sqft: 10404
Location
Lat 39.97970 · Lng -75.14315